Also discount bond. By definition it is a bond that accrues interest over its life. Accrued interest is only payable...

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on an accrual tranche but no cash payments...

A tranche that has some similarities to a zero-coupon bond. An accrual tranche (zero tranche) consists of Z bonds. By...

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

Also discount bond. By definition it is a bond that accrues interest over its life. Accrued interest is only payable...

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

A zero-coupon interest rate is the rate of interest earned on an investment that is made over a given period...

A bond that accrues interest over its life. Accrued interest is only payable at the maturity date of the bond....

A structuring technique which involves the purchase of ordinary bonds (usually, U.S. Treasury bonds) and the repackaging thereof in a...